Godolphin Resources has stretched its New South Wales ground after picking up a brace of exploration licences from the state government’s Department of Mining, Exploration and Geoscience. The company’s new tenure spans 160 square kilometres and is prospective for gold amongst other minerals. The pick-up adds to a portfolio of projects based around the revered Lachlan Fold Belt and sits amongst the explorer’s existing projects.
Godolphin has been granted a six-year exploration lease for both of its new acquisitions and says the period will give it enough time to hunt down anomalous metals across the ground.
One of the new tenements, christened the Gurrundah project, has had minimal historical exploration, with the majority completed around the eastern and southern rim of the tenement.
According to the company, the geological make-up of Gurrundah is similar to that of ASX-listed Sky Metals’ Hume gold prospect where previous drilling coughed up a 93-metre section running 4.24g/t gold from 56m.
Godolphin is now readying a four stage plan of attack for Gurrundah that includes a historical data review, ground reconnaissance and soil sampling. The explorer says it will subsequently frame up a list of drill targets using the information acquired.
The other tenement, called the Kingsburgh project boasts orogenic gold potential linked to a suite of north-south trending faults that run through the area.
The company says the historic exploration completed at the tenement has been mainly concentrated towards the north and southern areas and that the tenement is prospective for both VMS and skarn style mineralisation, that are known to host some of the richest sources of copper, lead and zinc.
Interestingly, Kingsburgh sits around 17km west of the Heron Resources’ Woodlawn mining lease, that houses a high-grade, volcanogenic massive-sulphide deposit.
Outside of its new acquisitions, Godolphin has also collected the assay results from a seven-hole RC probe of its Emu and Manton prospects that form part of the company’s wholly owned Gundagai North gold project.
The program was designed to evaluate historic workings along quartz veins and test anomalous surface geochemistry. During the study, narrow zones of highly anomalous gold mineralisation grading up to 1.76g/t were identified.
The company is now gearing up to complete additional regional exploration at Gundagai North, with a soil sampling program, rock chip collection campaign and mapping of the Burra and Oaks Mine prospect zones expected to kick off in due course.
Godolphin’s beefed-up portfolio leaves the company with plenty of options to explore and given its two new acquisitions are in close proximity to a pair of encouraging projects, the company will be eager to get stuck in.
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By Matt Birney
